Nestlé Speeds up Efforts Towards Full Supply Chain Transparency

SOURCE: Nestlé

DESCRIPTION:

VEVEY, Switzerland, February 1, 2019 /3BL Media/ - Nestlé today announced that it would disclose the list of suppliers alongside a variety of data of its 15 priority commodities, the first disclosure of its kind in the industry. This will accelerate the company's journey to reach full supply chain transparency.

These commodities cover 95 percent of the company’s annual sourcing of raw materials.

"Consumers want to know what is in their food and where it comes from. Therefore, transparency in our supply chains is essential, and we will continue to lead in this area. Following the public disclosure of our palm oil and pulp and paper supply chains last year, we are now pleased to release supply chain information for soya, meat (beef, pork, veal, lamb/mutton)1, hazelnuts and vanilla," said Magdi Batato, Executive Vice President, Head of Operations, Nestlé.

"By mid-2019, we will also publish the supply chain information for our other priority commodities, which include seafood, coconut, vegetables, spices, coffee, cocoa, dairy, poultry2, eggs3, cereals and sugar," he added.

The disclosure includes the list of direct (tier 1) suppliers, upstream locations and country of origins as well as total volume sourced for each commodity.

Read more about Nestlé's responsible sourcing approach on our global website.

1 Raw materials used in food and beverages for human consumption

2, 3 Grouped under the meat category

Tweet me: Nestlé today announced that it will disclose the list of suppliers for 15 priority commodities, alongside additional data, as the company accelerates its journey towards full supply chain transparency. http://bit.ly/2ML6YXO

Contact Info:

Christoph Meier
Nestlé S.A.
+41-0219242200
mediarelations@nestle.com

KEYWORDS: Nestle, nestlé supply chain, nestlé responsible sourcing, responsible sourcing, supply chain disclosure, supply chain, nestlé palm oil, nestlé cocoa, nestlé deforestation, VTX:NESN.VX

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